Turkish corps line up to sign loans

By Dan Alderson
23 Oct 2014

Internationally syndicated Turkish corporate loans are rare, but this week has seen three push deals forward. Cake maker Ulker launched its loan into syndication on Monday, Turk Telekom subsidiary Avea completed a club loan and Yildiz dairy subsidiary Ak Gida is in the final stages of syndicating an Islamic loan.

One banker away from the deals questioned why Turkish corporate borrowers would go to international banks instead of locals. But another loans official closer to the deals said that Turkish companies are increasingly looking to diversify their funding internationally.

Another loans banker also ...

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